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Baroda BNP Paribas Mutual Fund (MF) has launched Baroda BNP Paribas NIFTY SDL December 2028 Index Fund, an open-ended Target Maturity Index Fund replicating / tracking the NIFTY SDL December 2028 Index with Relatively High Interest Rate Risk and Relatively Low Credit Risk. The NFO opens for subscription on March 14, 2023 and closes on March 21, 2023. The Entry load and Exit load are not applicable for the scheme. The minimum subscription amount is Rs 5,000 per application and in multiples of Rs 1 thereafter.

The performance of the scheme will be benchmarked against NIFTY SDL December 2028 Index and its fund manager is Mayank Prakash.

The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty SDL December 2028 Index before expenses, subject to tracking errors, fees and expenses.